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5 1 point Under the FIFO method, the goods purchased first are the first ones removed from the inventory account O True O False Previous Smith & Co. earned gross profit of $20000 on $100.000 sales for the year 2018 The company plans to earn 1% more gross proht in 2019. The company's sales in 2019 is $15.000 What shout its cost of woods so to schieve the ross prontmargin Type your answer Previous